Sunday, December 21, 2008

Nanticoke To Increase Taxes?

According to the Times Leader, Congressman Paul Kanjorski’s hometown is in financial trouble. Nanticoke is facing a tax increase and more borrowing. The Democrat dominated Nanticoke City Council is facing major economic troubles as many other municipalities are. To cover their city until taxes begin rolling in, Council approved a $300,000 tax anticipation note loan at 3.51% interest. Council failed to pass a budget instead planning to meet again on December 29th to discuss the 2009 budget. State law requires budget passage by December 31st.

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